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September 11 and the World Airline Financial Crisis

Author

Listed:
  • JAMES F. NOLAN
  • PAMELA RITCHIE
  • JOHN ROWCROFT

Abstract

Much of the post‐September 11, 2001, rhetoric has focussed on the idea that the terrorist attacks in the USA catapulted the world airline industry into a financial crisis. But are the current problems in the world airline industry so readily attributable to the events of September 11? Was the shock to the industry sufficient to create the current situation, or are airlines around the world attempting to justify bailouts in order to cover a more systemic industry crisis? The purpose of this paper is to offer an independent financial assessment of the impact of September 11 on the viability of world airlines.

Suggested Citation

  • James F. Nolan & Pamela Ritchie & John Rowcroft, 2003. "September 11 and the World Airline Financial Crisis," Transport Reviews, Taylor & Francis Journals, vol. 24(2), pages 239-255, June.
    • Handle: RePEc:taf:transr:v:24:y:2003:i:2:p:239-255
    DOI: 10.1080/0144164032000138751
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    References listed on IDEAS

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    1. Chang, Yu-Chun & Williams, George, 2001. "Changing the rules—amending the nationality clauses in air services agreements," Journal of Air Transport Management, Elsevier, vol. 7(4), pages 207-216.
    2. Golaszewski, Richard, 2002. "Reforming air traffic control: an assessment from the American perspective," Journal of Air Transport Management, Elsevier, vol. 8(1), pages 3-11.
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    Cited by:

    1. Graham, Mark, 2009. "Different models in different spaces or liberalized optimizations? Competitive strategies among low-cost carriers," Journal of Transport Geography, Elsevier, vol. 17(4), pages 306-316.
    2. Grubesic, Tony H. & Matisziw, Timothy C. & Zook, Matthew A., 2009. "Spatio-temporal fluctuations in the global airport hierarchies," Journal of Transport Geography, Elsevier, vol. 17(4), pages 264-275.

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